Monday
Sep192011
Netflix says sorry but changes nothing.
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After Netflix increased their prices (doubleing for some customers) their stock dropped 18%, they lost millions of customers and people said there is now room for Blockbusters rumored streaming service to move in.
Today Netflix's CEO issued an appology. But it was just in how they implimented the change, nothing more. They are setting up a new website for the DVD by mail service called Qwikster.com They know their streaming service seriously lacks new content and they just lost STARS which was their biggest provider of new movies. So what is next for Netflix?
Hereis the CEOs full letter sent this morning...
http://blog.netflix.com/2011/09/explanation-and-some-reflections.html?lnktrk=EMP&g=037296860C1F321D2FDBA0737488423E0AC0315E&lkid=netflixBlog
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Today Netflix's CEO issued an appology. But it was just in how they implimented the change, nothing more. They are setting up a new website for the DVD by mail service called Qwikster.com They know their streaming service seriously lacks new content and they just lost STARS which was their biggest provider of new movies. So what is next for Netflix?
Hereis the CEOs full letter sent this morning...
http://blog.netflix.com/2011/09/explanation-and-some-reflections.html?lnktrk=EMP&g=037296860C1F321D2FDBA0737488423E0AC0315E&lkid=netflixBlog
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